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Dwayne B., Lawyer

Category: Consumer Protection Law

Satisfied Customers: 33784

Experience: Practicing for over 20 years and handled many cases and trials for consumers.

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I took a title loan out with Titlemax and was lied to and not

Customer Question

I took a title loan out with Titlemax and was lied to and not disclosed the real terms of their program. The person who did this is no longer with the company. I brought it to the new manager's attention and I was told that there isn't anything that can be done. There is a firm that they have that I should have signed but didn't because I believe she just missed it. The form states that I read and understand the terms. I borrowed $7,000 and I have paid over $3,300 and my balance owed is still $6,800. What can I do?

Hello and thank you for contacting us. This is Dwayne B. and I’m an expert here and looking forward to assisting you today. If at any point any of my answers aren’t clear please don’t hesitate to ask for clarification. Also, I can only answer the questions you specifically ask and based on the facts that you give so please be sure that you ask the questions you want to ask and provide all necessary facts.

Please read this next paragraph carefully.I need you to be more specific in your question(s) if you could. When we answer general ones like "what can I do" "what are my rights" or "what are my options" we have to give general answers and, invariably, the customer responds with "I already knew that". This type of forum works better if you ask specific questions so we know exactly what you are looking for.

I'm not exactly sure. I have a minimum payment that I have to pay every month. The payment was originally $825. If i only pay that payment monthly the balance never goes down. This is ridiculous. I would have never agreed to that. My truck is valued at $18,000.

Your problem is that you are bound by what the documents say and what the person at the company told you likely will not even be admissible in court due to what is known as the "Four Corners Rule". That rule states that a contract or agreement will only be interpreted and its validity only determined based on the language and terms contained within the four corners of the document.What you can do is take the document to a local lawyer and have them review it and see if there are any holes in it you can take advantage of. You can then hire them to represent you or, if you like, I can give you a general explanation of how a lawsuit works and you can sue the company yourself but it is going to be a difficult lawsuit and they are going to fight it tooth and nail.If you do hire a lawyer then your attorney's fees can be recovered if you win.

I understand what you are saying but the issue is what the documents state versus what she told you. The court is not even going to consider what she told you if the documents that you signed state it is 107.95%.To win you have to show that there is an ambiguity or something in the contract documents themselves that misled you.